| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and equivalents | 827 | 851 | 924 | 788 |
| Trade receivables | 3,380 | 3,227 | 3,255 | 3,320 |
| Inventories | 1,726 | 1,659 | 1,725 | 1,710 |
| Prepaid expenses and other current assets | 402 | 463 | 416 | 416 |
| Total current assets | 6,335 | 6,200 | 6,320 | 6,234 |
| Net plant and equipment | 2,230 | 2,230 | 2,203 | 2,177 |
| Goodwill | 5,083 | 5,098 | 5,028 | 5,038 |
| Net | NaN | 344 | NaN | NaN |
| Indefinite-lived intangible assets-Trademarks | NaN | 247 | NaN | NaN |
| Intangible assets | 574 | 591 | 540 | 558 |
| Deferred income taxes | 505 | 519 | 573 | 564 |
| Other assets | 1,537 | 1,510 | 1,471 | 1,477 |
| Total assets | 16,264 | 16,148 | 16,135 | 16,048 |
| Short-term debt | 2,545 | 2,286 | 1,267 | 1,242 |
| Accounts payable | 609 | 522 | 608 | 613 |
| Compensation and employee benefits | NaN | 448 | NaN | NaN |
| Deferred revenue and customer deposits | NaN | 340 | NaN | NaN |
| Rebates | NaN | 208 | NaN | NaN |
| Current portion of operating lease liabilities | NaN | 62 | NaN | NaN |
| Warranties | NaN | 57 | NaN | NaN |
| Current portion of pension and other postretirement benefit obligations | NaN | 15 | NaN | NaN |
| Other | NaN | 506 | NaN | NaN |
| Accrued expenses | 1,534 | 1,636 | 1,567 | 1,544 |
| Cash dividends payable | 463 | 465 | 467 | 437 |
| Income taxes payable | 180 | 217 | 223 | 96 |
| Total current liabilities | 5,331 | 5,126 | 4,132 | 3,932 |
| Long-term debt | 6,603 | 6,683 | 7,675 | 7,695 |
| Deferred income taxes | 158 | 154 | 149 | 144 |
| Other liabilities | 942 | 959 | 970 | 1,066 |
| Total noncurrent liabilities | 7,703 | 7,796 | 8,794 | 8,905 |
| Common stock (authorized- 700.0 shares par value of 0.01 per share) issued- 550.0 shares in 2026 and 2025 outstanding- 287.7 shares in 2026 and 288.6 shares in 2025 | 6 | 6 | 6 | 6 |
| Additional paid-in-capital | 1,817 | 1,771 | 1,751 | 1,725 |
| Retained earnings | 30,454 | 30,150 | 29,825 | 29,471 |
| Common stock held in treasury | 27,246 | 26,875 | 26,498 | 26,124 |
| Accumulated other comprehensive income (loss) | -1,802 | -1,827 | -1,876 | -1,868 |
| Noncontrolling interest | 1 | 1 | 1 | 1 |
| Total stockholders' equity | 3,230 | 3,226 | 3,209 | 3,211 |
| Total liabilities and stockholders' equity | 16,264 | 16,148 | 16,135 | 16,048 |
ILLINOIS TOOL WORKS INC (ITW)
ILLINOIS TOOL WORKS INC (ITW)